
Cheap Apartments for Rent in Okaloosa County, FL from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Okaloosa County.


Total Monthly Price
Hillcrest

Total Monthly Price
Falcon House

19 Chestnut Ave SE

113 Marimba St

536 Brock Ave

941 Valley Rd

532 Brock Ave

ADDISON PLACE
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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Heather Glenn

Shoreline Villas

Total Monthly Price
Spring Creek Apartments

Bel Aire Terrace

The Greens on 5th

Katie Manor

Pinnacle Pointe Apartments

74 2nd Ave

Pine Ridge Apartments at Shalimar
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211 Green Acres Rd

The Lyle

Riverwood Apartment Homes

Bradford Place Apartments

Merrimac Manor Apartments

936-938 Barrow St

102 Chicago Ave SE

201 Taylor St

323 Washington Ave
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

772 Rockport Ct

943 Central Ave

770 Rockport Ct

Glenwood Apartments

Miramar Apartments

Twin Oaks

Niceville Apartments

Inntown Apartments

Redwood Apartments
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Ridgewood Apartments

Teresa Village

Walton South Apartments

Captain's Quarters Apartments

Villager Apartments

Holly Sands

Creekside Apartments

Oak Tree Park Apartments

204 Davenport Rd
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Okaloosa County, FL Local Guide

How much does it cost to rent an apartment in Okaloosa County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Okaloosa County Studio Apartments | $1,450 | $815 | $1,988 |
| Okaloosa County 1 Bedroom Apartments | $1,725 | $849 | $10,000+ |
| Okaloosa County 2 Bedroom Apartments | $1,850 | $980 | $4,860 |
| Okaloosa County 3 Bedroom Apartments | $2,416 | $1,300 | $10,000+ |
| Okaloosa County 4 Bedroom Apartments | $5,669 | $1,575 | $10,000+ |
Browse Apartments in Okaloosa County
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Cheapest Available Okaloosa County Apartments for Rent
 The cheapest available apartment rental in Okaloosa County, FL is a 1 Bed unit found at Princeton Grove in the Shoal River Ranch neighborhood priced from $412. Hillcrest in the Shoal River Ranch neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $815. Here is today’s list of the most affordable Okaloosa County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Princeton Grove | 1/1 Bedroom | 1BR,1BA | $412 |
| Hillcrest | Studio 1 Bath | Studio,1BA | $815 |
| ADDISON PLACE | 1 Bed 1 Bath | 1BR,1BA | $1,006 |
| Holly Sands | One Bedroom One Bath Apartment | 1BR,1BA | $1,055 |
| Bel Aire Terrace | The Venice | 1BR,1BA | $1,073 |
| Pinnacle Pointe Apartments | Fuji | 1BR,1BA | $1,100 |
| Pine Ridge Apartments at Shalimar | 1x1 | 1BR,1BA | $1,150 |
| Riverwood Apartment Homes | Laurel | 1BR,1BA | $1,199 |
| The Lyle | A1 | 1BR,1BA | $1,199 |
| Merrimac Manor Apartments | 2x1.5 1300 - NO AVAILABILITY | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Okaloosa County, FL
As of February 28, 2026 the best value apartment in the Okaloosa County area is the $1.16 price per square foot 3 bedroom Model at Keystone Townhomes in the in the Shoal River Ranch neighborhood starting from $1,800. The second greatest value Okaloosa County apartment is the 2x1.5 1300 - NO AVAILABILITY Model at Merrimac Manor Apartments starting at $1,200 with a $0.92 price per square foot in the Sylvania Heights neighborhood. Here is today’s list of the best values for Okaloosa County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Keystone Townhomes | 3 bedroom | 3BR,2.5BA | $1.16 |
| Merrimac Manor Apartments | 2x1.5 1300 - NO AVAILABILITY | 2BR,1.5BA | $0.92 |
| The Dorian | B1.1.5THU | 2BR,2BA | $1.21 |
| Courtland Terrace | Main | 2BR,1.5BA | $1.22 |
| Spring Creek Apartments | B1 | 2BR,2BA | $1.25 |
| Retreat at Redstone | 1x1 | 1BR,1BA | $1.25 |
| The Cordelia | B1.1.5T | 2BR,1.5BA | $1.32 |
| Heather Glenn | Two Bedroom Two Bath | 2BR,2BA | $1.17 |
| Bradford Place Apartments | Main | 2BR,2BA | $1.29 |
| Princeton Grove | 2/2 Bedroom | 2BR,2BA | $1.17 |
Frequently Asked Questions about Cheap Okaloosa County Apartments
What is a cheap apartment in Okaloosa County?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Okaloosa County is under $1,200.
What is the price of a cheap apartment in Okaloosa County?
The cheapest apartment in Okaloosa County is Princeton Grove which is listed at $412, while the average apartment in Okaloosa County costs $22,307.
What types of apartments are the cheapest in Okaloosa County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Okaloosa County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Okaloosa County?
Cheap apartments in Okaloosa County have an average cost of $160 which is $22,147 cheaper than the average rent for all rentals in Okaloosa County.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.